Amphenol Co. (NYSE:APH) Shares Bought by Fmr LLC

Fmr LLC lifted its holdings in Amphenol Co. (NYSE:APH) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 104,250,575 shares of the electronics maker’s stock after purchasing an additional 2,643,752 shares during the quarter. Amphenol accounts for approximately 0.4% of Fmr LLC’s holdings, making the stock its 27th largest position. Fmr LLC owned approximately 8.65% of Amphenol worth $7,240,202,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of APH. Blue Trust Inc. raised its stake in shares of Amphenol by 208.8% in the 4th quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker’s stock worth $1,765,000 after buying an additional 18,322 shares in the last quarter. Spire Wealth Management lifted its position in shares of Amphenol by 34.1% during the 4th quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker’s stock valued at $6,836,000 after acquiring an additional 25,007 shares during the last quarter. Consolidated Planning Corp boosted its stake in shares of Amphenol by 37.0% during the 4th quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker’s stock worth $1,192,000 after acquiring an additional 4,631 shares in the last quarter. Pines Wealth Management LLC acquired a new position in shares of Amphenol in the 4th quarter worth $553,000. Finally, Kanawha Capital Management LLC lifted its holdings in shares of Amphenol by 4.5% during the fourth quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker’s stock valued at $10,547,000 after purchasing an additional 6,481 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on APH. Bank of America boosted their price objective on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Citigroup boosted their price target on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. JPMorgan Chase & Co. raised their target price on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Truist Financial boosted their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Robert W. Baird boosted their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Amphenol has an average rating of “Moderate Buy” and a consensus price target of $80.68.

Amphenol Stock Down 5.6 %

Shares of Amphenol stock opened at $59.14 on Friday. Amphenol Co. has a 52-week low of $54.72 and a 52-week high of $79.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The business’s 50 day simple moving average is $66.77 and its 200 day simple moving average is $68.81. The firm has a market cap of $71.67 billion, a PE ratio of 30.88, a P/E/G ratio of 1.92 and a beta of 1.17.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter last year, the company earned $0.82 EPS. Amphenol’s revenue for the quarter was up 29.8% compared to the same quarter last year. On average, analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 1.12%. Amphenol’s dividend payout ratio (DPR) is currently 34.55%.

Amphenol Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.